WEX · 1 day ago
Director of Compliance - Health & Benefits
United States
Full-time
Remote
Senior Level, Lead/Staff
$157K/yr - $194K/yr
10+ years expWEX Inc. is a leading provider of business-to-business payment solutions, and they are seeking a Director of Health Operational Compliance. This role involves leading compliance activities to ensure adherence to state and federal laws, managing compliance initiatives, and interfacing with senior management on strategic compliance programs.
Financial ServicesFinTechPaymentsSoftware
Responsibilities
Oversee the management of the Compliance team supporting WEX Health products and services, including COBRA, notional accounts, health savings accounts (HSAs), ACA compliance, and benefit administration
Responsible for the compliance oversight of nonbank custodian activities, including compliance advisory, regulatory framework maintenance, Fiduciary Committee recordkeeping, management of the annual audit of books and records, compliance review and monitoring of standard reports, forms and processes, change management risk review, and supporting Legal with Custodial Agreement maintenance and changes
Direct the assessment of targeted compliance issues, investigations, or potential problems and proactively mitigate potential risks found through the appeals process and review of COBRA cases, coordinating with internal operations, Legal, and other teams on process changes or additional training as necessary
Provide proactive and timely responses to state and federal agency requests, in addition to the handling of any other regulatory concerns, coordinating with Legal where necessary
Respond to written complaints and appeals
Support implementation of new products and corporate compliance initiatives
Assist in the development and implementation of the compliance plan that incorporates the seven elements of an effective compliance program described in the Federal Sentencing Guidelines
Continually raise awareness of compliance, integrity, and risk issues. Review compliance related content to be included in employee training and education
Communicate new and changing regulations to internal teams to allow for the incorporation of any changes into the daily processes and procedures
Communicate regular updates on trends and advances in legislation and regulation ensuring that knowledge and relevant information is passed to key stakeholders to include senior management, WEX Health and WEX, Inc. team members, clients, and channels
Participate in and bring the Compliance perspective to critical situations, change management, and client/partner requests. Participate in WEX Health quarterly compliance meetings
Oversee the coordination of WEX Health’s TPA and broker licenses and renewals
Review and update WEX Health’s Enterprise Risk Management (ERM) assessment to ensure it reflects the organization’s highest compliance-related risks
Identify and evaluate key areas of opportunity and potential risks within legislative and regulatory updates, changes, and potential changes
Maintain current knowledge of industry laws and regulations, keeping abreast of recent and upcoming changes
Attend the ECFC Annual Conference, meeting with members of Congress and their staff to communicate desired changes in pending and current legislation that positively influence the organization's business and industry. Participate in ECFC member committees
Qualification
Required
Juris Doctor or equivalent experience
10-15 years of relevant experience in Compliance, Legal, or a related position
Expert knowledge level in industry regulations affecting and governing all products and services offered through WEX Health, including health and welfare benefit plans, COBRA, state continuation of coverage laws, cafeteria plan/notional accounts, HSAs, the Affordable Care Act (ACA), and HIPAA
Strong leadership skills, including demonstrated strength in building compliance teams/frameworks, project management, experience working on process improvement, and ability to manage multiple, conflicting priorities
Ability to resolve issues/conflicts and negotiate and facilitate with project groups with experience driving groups to successful completion
Ability to work independently, yet still be team-oriented
Excellent communication (oral and written) and interpersonal skills, including the ability to write clear, concise communications for employees at all levels
Ability to apply strong problem solving skills and excellent judgment to make reasoned recommendations and develop practical, business-oriented solutions
Ability to build strong internal relationships that foster open communications and to act as a resource on compliance and risk issues
Ability to write reports, business presentations, policies, procedures, and operating guidelines
High ethical standards
Intellectual curiosity and ability to maintain a high level of technical expertise and keep abreast of key compliance and company developments
Preferred
Experience with health, life, and casualty insurance broker licensing, U.S. privacy law, federal acquisition regulations (FARs), and Medicare Advantage plans preferred
Benefits
Health, dental and vision insurances
Retirement savings plan
Paid time off
Health savings account
Flexible spending accounts
Life insurance
Disability insurance
Tuition reimbursement
Company
WEX
Wex is a financial technology service provider for fleet, travel and healthcare industries.
5001-10000 employees
H1B Sponsorship
WEX has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (22)
2024 (10)
2023 (12)
2022 (20)
2021 (14)
2020 (18)
Funding
Current Stage
Public CompanyTotal Funding
$900MKey Investors
Warburg Pincus
2025-02-25Post Ipo Debt· $500M
2020-06-30Post Ipo Equity· $90M
2020-06-30Post Ipo Debt· $310M
Leadership Team
Melissa Smith
Chair and Chief Executive Officer
Sachin Dhawan
Chief Technology Officer
Recent News
Business Wire
2026-01-13
2026-01-13
Company data provided by crunchbase